BHP Billiton profit is up 37%

The world's largest miner, BHP Billiton, said today that its year end profits jumped 37% to $3.7 billion.

The mining giant said it achieved annual production records at nine operations across iron ore, coal, copper and petroleum.

BHP's Escondida was a stand out leaping from 772kt production in 2017 to 1,213 in 2018.

The Samarco dam failure was recorded as an exceptional lost of US$650 million.

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